Need CC Split for C Paper -- Where did all the Cc options go...?
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  1. #1
    Senior Member Reputation points: 1393
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    Need CC Split for C Paper -- Where did all the Cc options go...?

    Finding that between Everest, Mantis and some of my other lenders, they only do ACH.

    The A-B lenders will do split; but the very reason I need split over ACH is because these are C paper deals.

    Any recommendations?

    No brokers FFS. Thanks.

  2. #2
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    Is Fundworks considered C paper? If so, they’ll do splits.

  3. #3
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    Quote Originally Posted by Quickfunder View Post
    Finding that between Everest, Mantis and some of my other lenders, they only do ACH.

    The A-B lenders will do split; but the very reason I need split over ACH is because these are C paper deals.

    Any recommendations?


    No brokers FFS. Thanks.
    Credit Splits are based upon monthly average and strength of business.

    I represent a Direct Funder (they sign the checks)

    This is what we offer:

    No UCC
    No COJ
    No Personal Guarantee
    Flexible Daily Payment
    5K to 250K Funding

    Call me to discuss.

    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  4. #4
    We will fund CC splits with up to 15 negative days/month. FICO is not an issue. Call me for more details. Andy
    Andrew Roberts
    Merchant Cash Group
    212 532 9200
    andrew@merchantcashgroup.com

  5. #5
    Member Reputation points: 479 HumbleDBAD's Avatar
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    Lots of lenders can and will do a split and originally the only way ,but what used to be the standard became second to ach programs , a merchants processing was typically unchanged so a split would be less risky , until some not all merchants would switch their processor to get funded , Some lenders would adjust accordingly and some lenders were slow paid or not paid at all.

  6. #6
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    simply mca

  7. #7
    We regularly do splits in the B-C paper space, up to an estimated 8 months, and will use a lockbox if necessary so merchant does not need to change processor. However we will not do a CC split if there is extensive negative banking. Please feel free to reach out for more info.
    Avraham Sharaby
    Director of Business Development

    Fintap
    777 Passaic Ave, Suite 375
    Clifton, NJ 07012


    Phone: 973-500-6692
    Cell: 443-416-2765

    Asharaby@Fintap.com
    www.Fintap.com

  8. #8
    Senior Member Reputation points: 8447
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    We are a true direct lender and fund only credit card split deals. We have been in business since 2005, same office and most of the same people. We are first position only, net rule is 75% but we do fund deals with bad credit, nsf's, negative days, negative ending bal, previous defaults (if paid in full).
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

  9. #9
    Senior Member Reputation points: 27404
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    Quote Originally Posted by WestCoastFunding View Post
    Is Fundworks considered C paper? If so, they’ll do splits.
    yes

  10. #10
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    Have you signed up with us yet? We can do this.
    Paul Boxer
    Merchant Marketplace

    Chief Operating Officer
    Chief Revenue Officer

    Cell: (516) 805-9209
    paul@merchantmarketplace.com
    www.merchantmarketplace.com

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